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Governors Bay

79 Main Road, Governors Bay, Banks Peninsula

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438sqmĀ Floor area
809sqmĀ Land area SQM

Offers/Enquiries Over NZ$800,000 + GST

Ā (if any)

Building with rental income - yield of $6.25%?


79 Main Road, Governors Bay

This property has been a hospitality site for many years and is now known as Harbour House Cafe, a well known destination with amazing bay views. Selling under the RV, the lease is on a month by month basis with a sub-lease supplementing the rental income. There are options aplenty for the future of this site which could be purchased with your business / home in mind. The 438 square metre building has three levels with polished wooden floors and French doors opening to a large deck, various rooms and storage downstairs and a smaller office on the top with amazing views. Perhaps the building has another use? Perhaps it has appeal for an owner / operator?

ā€¢Floor area 438 sqm approx.
ā€¢Land area 809 sqm more or less
ā€¢Building NBS 69% (engineers report available)
ā€¢Current tenant on a month by month basis
ā€¢Rental income $50,000 + gst pa
ā€¢RV $840,000
ā€¢Rates current year $6,598.95
ā€¢Commercial Banks Peninsular Zone

Previously the main base for She Cafe and Chocolaterie the building has a long hospitality history in Governors Bay and would be an ideal owner operator site.
Our owners are motivated to move this freehold property, please call to discuss your vision of the future for this beloved Governors Bay icon.

For Sale: Offers Over $800,000 + gst

Visit https://www.propertyfiles.co.nz/property/5511354 for more information on this opportunity.

Kate Mullins

Kate Mullins


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Building NBS


69%

Location


Prime Governors Bay site with grand views

Options


tenanted on a month by month lease, great owner operator option